India to host G20 summit in 2022: PM Modi

Highlights

PM Modi made the announcement at the closing ceremony of the two-day summit held in Argentina's capital

Collectively, the G20 economies account for nearly 90% of the gross world product

PM Modi arrives for a meeting during the G20 Summit. (AFP photo)

BUENOS AIRES: Prime Minister Narendra Modi on Saturday announced that India will host the G20 summit in 2022, the year the country would celebrate the 75th anniversary of its Independence. The G20 is a grouping of the world's 20 major economies. PM Modi made the announcement at the closing ceremony of the two-day summit held here in Argentina's capital. Italy was to host the international forum in 2022. Thanking Italy for allowing India to play the host, Modi invited G20 leaders to India in 2022, which also marks the 75th anniversary of India's Independence. "In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the world to the G20 Summit! Come to India, the world's fastest growing large economy! Know India's rich history and diversity, and experience the warm Indian hospitality," the prime minister tweeted after making the announcement.

In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the wor… https://t.co/AvltyX2QBv

Collectively, the G20 economies account for nearly 90 per cent of the gross world product, 80 per cent of world trade, two-thirds of the world population, and approximately half of the world land area. Spain is a permanent guest invitee.